Interesting use of a “flash crash” after a boring start to the session. See ES and NQ sections below.
Net ticks: +11 ticks.
As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session:
ES:
Triggered short at A at 1567.00, hit first target for 6 ticks, second half stopped on lowered stop at 1564.25 for 11 ticks:
NQ:
Just a reminder that we use half points for ticks on the NQ and not the quarter point measurement that the exchanges switched to in recent years. This allows us to use 6 ticks as a key target as we do on the other contracts. It also keeps the value of a tick at $10, closer to the value of a tick on the other contracts.
Mark’s call triggered short at A at 2816.50, also on the “AP Tweet Flash Crash” and hit first target for 6 ticks. Second half stopped over entry:
